Episode 399
Feelings and Forecasts: Overconfidence in Human Decision Making
Enterprising Investor · CFA Institute
February 12, 202010m 14s
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Show Notes
Episode #399. Overconfidence is a behavioral bias that plagues many investors. What does overconfidence mean, and where does one draw the line between confidence and overly optimistic behavior? What are the most common forms of overconfidence? In this episode, Ryan O. Murphy, head of decision sciences at Morningstar Investment Management, provides the answers and offers practical tips on restraining this common bias.